e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 465,786 shares of the company's stock after buying an additional 80,175 shares during the quarter. Northern Trust Corp owned approximately 0.83% of e.l.f. Beauty worth $58,479,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty in the third quarter valued at about $25,000. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty in the fourth quarter valued at approximately $27,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the fourth quarter worth $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. Finally, Financial Life Planners bought a new position in shares of e.l.f. Beauty during the 4th quarter worth $46,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Down 1.2 %

ELF traded down $0.83 on Friday, hitting $67.07. The company had a trading volume of 1,563,984 shares, compared to its average volume of 2,385,340. The company has a market cap of $3.78 billion, a PE ratio of 39.69, a PEG ratio of 6.76 and a beta of 1.31. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business's fifty day simple moving average is $61.35 and its 200 day simple moving average is $94.52. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group cut their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Piper Sandler cut their price target on e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Truist Financial reduced their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.88.

Insider Buying and Selling

In related news, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares in the company, valued at $8,136,973.12. The trade was a 25.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the transaction, the senior vice president now owns 114,660 shares in the company, valued at approximately $6,118,257.60. The trade was a 30.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock worth $10,974,536 over the last three months. 3.50% of the stock is owned by insiders.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.